Disbursement and reporting

The offer letter links the approved activities and costs to the project and project period specified in the application. Only costs relating to activities carried out during the project period are included in the approved cost basis.

If you need to change the project period after receiving the offer, you must contact us and apply for an amendment. This may be necessary if, for example, the project is delayed and you need more time to complete it and request payment. Get in touch with us well before the payment deadline. If the deadline passes, the offer may lapse. It is therefore important that you keep track of the deadlines set out in the offer letter.

The offer letter specifies a deadline for requesting payment. The deadline is normally three months after the project ends.

Once the payment request deadline has passed, you can no longer request payment through My page. You must then contact us to find out whether the deadline can be extended. This is not possible for some schemes, and the funding offer may have been cancelled in accordance with the terms set out in the offer letter.

Cancelled funding commitments cannot be reinstated. It is therefore essential to meet the payment deadline.

We may request information about the project's progress at any time.

To receive a grant payment from us, you must document the costs associated with the approved activities in the offer letter through project accounts reviewed by an auditor. If the grant recipient is not subject to a statutory audit, the project accounts may be reviewed by an authorised accountant. Read more about our requirements for audit procedures here.

If your company wishes, we can make advance and partial payments in accordance with the applicable guidelines set out in the offer letter. For all payments, you must submit a payment request through My Page/Online Banking.

In many cases, we allow a partial payment once 50% of the project has been completed. Offer letters issued up to 7 April 2026 state that partial payments require project accounts reviewed by an auditor in accordance with ISRS 4400. Under new guidelines effective from that date, we are waiving this requirement for partial payments. This means your company can request a partial payment by submitting project accounts that have not been reviewed by an auditor or authorised accountant. Please note that your company must still arrange an audit in accordance with the new guidelines, as set out from time to time on the page on agreed-upon procedures.

At the end of the project, you must provide project accounts reviewed by an auditor or authorised accountant in accordance with the requirements set out on the page about agreed-upon procedures. You must also submit a written final report describing the planned and completed activities, the extent to which the objectives were achieved, and an assessment of the benefits.

Any excess grant paid that cannot be documented in accordance with the above must be repaid.

Request payment and submit your final report on My page (log in with BankID).

Select Online banking from the top menu. From Account overview, you can select either Start payment request or Start final report. To receive the final grant payment, you must submit both a payment request and a final report (as specified in the offer letter).

Important information! To view information in Online Banking, you must have a registered role in the Brønnøysund Register Centre. You cannot grant access to the page to anyone else, such as an auditor, accountant or project manager.

Read more here: Frequently asked questions

Up to 30% of the grant may be paid in advance once the offer has been accepted, any special conditions have been met and the project has started. Once your company can provide project accounts showing that at least 50% of the total project costs have been incurred, a further 50% of the grant may be paid. At least 20% of the total grant will be withheld until the project has been completed and your company has submitted a final report and project accounts verified by an auditor or authorised accountant.

Up to 50% of the grant may be paid in advance once you have accepted the offer, met any special conditions and started the project. Once you can provide project accounts showing that at least 50% of the total project costs have been incurred, a further 30% of the grant may be paid. At least 20% of the total grant will be withheld until the project has been completed and you have submitted a final report and project accounts verified by an auditor or authorised accountant.

The grant is paid in two instalments: the first 50% upon acceptance and the remaining 50% at the end of the project, following a written request from the applicant accompanied by a final report, project accounts and supporting documentation (invoices for costs). If there are more than three invoices, create an invoice summary and combine all the invoices into a single document. Submit the documents via My page/Online banking.

As a general rule, loans for investments can only be disbursed once the investment has been completed, unless otherwise specifically agreed. Please note that a loan cannot be disbursed until the company has assumed liability for the debt, the relevant security has been established and all conditions have been met.